Short France: exposure to Italy and Spain. Default or return to Franc not out of the question. Spain, retailers.

On China: "Big trouble in little China" Big knowledge gap, and cultural gap. Shows all the RTO frauds, no specific names to short. Overbuilding outside of main cities in China, projects don't pay off the debt service. Now USD not coming in anymore, so the gig is up. Banks are in trouble. Chinese elites are taking money out of the country.

On Japan: bad demographics. Sales of adult diapers outsold those for babies this year. Shorting the yen. Long DeNA, Gree: Japan's two largest social network companies are in the cellar. Games under regulatory scrutiny. Better than FB.

Perpetual Preferred Stocks: Advocates use of perpetual preferred stocks. 4-6% dividend, taxed at preferential tax rates. Some special form of preferred. "Some will object that there is no precedent for this idea. That is because this is a new idea."

Thoughts on Tons of Other Stocks: Short Zara/Inditex. Long DIA. Long Norway. Long Cairn Energy, small cap E&P. has cash in USD. Negative words on Amazon.com (AMZN): Revenue growth, no op profits; criticized company's weak profit growth... didn't say he was shorting? "Is
Jeff Bezos Batman?" Impact on other retailers is clear. Hint at other
shorts. Short Dicks Sporting Goods (DKS)? He says co is in big trouble with Amazon's big push into the category. Trades at 20x, could be left in the dust. Short US Steel (X). Likes Norway's GJF.

David Einhorn will also be presenting investment ideas at the Value Investing Congress in NYC in October. Market Folly readers can receive a discount to the event by clicking here and using discount code: N12MF3

Short France: exposure to Italy and Spain. Default or return to Franc not out of the question. Spain, retailers.

On China: "Big trouble in little China" Big knowledge gap, and cultural gap. Shows all the RTO frauds, no specific names to short. Overbuilding outside of main cities in China, projects don't pay off the debt service. Now USD not coming in anymore, so the gig is up. Banks are in trouble. Chinese elites are taking money out of the country.

On Japan: bad demographics. Sales of adult diapers outsold those for babies this year. Shorting the yen. Long DeNA, Gree: Japan's two largest social network companies are in the cellar. Games under regulatory scrutiny. Better than FB.

Perpetual Preferred Stocks: Advocates use of perpetual preferred stocks. 4-6% dividend, taxed at preferential tax rates. Some special form of preferred. "Some will object that there is no precedent for this idea. That is because this is a new idea."

Thoughts on Tons of Other Stocks: Short Zara/Inditex. Long DIA. Long Norway. Long Cairn Energy, small cap E&P. has cash in USD. Negative words on Amazon.com (AMZN): Revenue growth, no op profits; criticized company's weak profit growth... didn't say he was shorting? "Is
Jeff Bezos Batman?" Impact on other retailers is clear. Hint at other
shorts. Short Dicks Sporting Goods (DKS)? He says co is in big trouble with Amazon's big push into the category. Trades at 20x, could be left in the dust. Short US Steel (X). Likes Norway's GJF.

David Einhorn will also be presenting investment ideas at the Value Investing Congress in NYC in October. Market Folly readers can receive a discount to the event by clicking here and using discount code: N12MF3

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